| briley on Fri, 7 Mar 2003 18:11:02 +0100 (CET) |
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| [Nettime-bold] Become a Millionaire In One Year? |
Yes,
You heard me right, I said become a millionaire in one year.
Let's assume you are 32 now, at what age do you desire to have become a millionaire? Let's do the
computation together:
If you invest $20,000 now and $300 monthly at 6.00%, you'll be a millionaire in 61 years at age 93.
But to be a millionaire at age 33, you'll need to:
**Increase the amount you invest now to $960,604, or
**Increase your monthly investment to $80,223, or
**Achieve a rate of return of 1,755.00% if you pay tax on earnings or 1,088.00% if you don't.
When adjusted for inflation, $1 million in 61 years would be equivalent to $160,780 today.
Due to compound interest at 6%, the greater the amount of time you have to invest, the smaller the amount
you'll need to invest each month in order to acquire $1,000,000. The sooner you begin saving, the better.
That is one way to become a millionaire!
You can also do it another way, after 16 years of research into the secrets of millionaires:
The choice is YOURS.
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Thank you.
Brian R. Riley
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